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Trinseo announces offering of senior notes to refinance debts

by ChemOrbis Editorial Team - content@chemorbis.com
  • 15/08/2017 (16:51)
According to an announcement on the company’s website, Trinseo intends to add $450 million to its gross proceeds through offering eight-year senior bonds in order to refinance its debts by its subsidiaries Trinseo Materials Operating S.C.A. and Trinseo Materials Finance, Inc.

The net revenue from the offered bonds along with about $750 million of term loan borrowings expected to be available under a new credit facility and cash in accordance with issuers’ proposal, will be used to repay its remaining debt under the issuers’ 6.375% Senior Notes (EUR) and 6.750% Senior Notes (USD), each due 2022.
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